JAKKS Pacific (NASDAQ:JAKK) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• JAKKS Pacific's stock price has crossed above its 200-day moving average of $19.31, indicating potential upward momentum in the market.
• Wall Street analysts have recently downgraded JAKKS Pacific, with Zacks Research issuing a "strong sell" rating and a consensus rating of "Hold" among analysts.
• The company has declared a quarterly dividend of $0.25 per share, representing an annual yield of 5.1% and a payout ratio of 29.50%.

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.31 and traded as high as $19.93. JAKKS Pacific shares last traded at $19.47, with a volume of 110,578 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of JAKKS Pacific from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Zacks Research downgraded shares of JAKKS Pacific from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of JAKKS Pacific in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.00.

JAKKS Pacific Stock Down 0.4%

The firm has a 50 day moving average of $18.02 and a 200 day moving average of $19.31. The firm has a market cap of $217.09 million, a PE ratio of 5.74 and a beta of 1.36.

JAKKS Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 29th. This represents a $1.00 annualized dividend and a dividend yield of 5.1%. JAKKS Pacific's dividend payout ratio is presently 29.50%.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gratia Capital LLC bought a new stake in shares of JAKKS Pacific during the 2nd quarter valued at $3,116,000. Acadian Asset Management LLC purchased a new position in JAKKS Pacific during the 1st quarter valued at about $2,320,000. AQR Capital Management LLC grew its holdings in JAKKS Pacific by 67.9% during the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company's stock valued at $3,470,000 after buying an additional 56,873 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of JAKKS Pacific by 74.0% during the second quarter. Qube Research & Technologies Ltd now owns 118,411 shares of the company's stock valued at $2,461,000 after buying an additional 50,344 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in shares of JAKKS Pacific in the first quarter worth about $1,149,000. 44.38% of the stock is currently owned by institutional investors.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.

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